Putnam Investment

Driven by innovative thinking, Putnam has practiced an active, risk-conscious approach to investing since the launch of The George Putnam Balanced Fund in 1937. Today, Putnam provides investment services across a range of equity, fixed income, absolute return, and alternative strategies. A global asset manager and retirement plan provider, Putnam distributes its services largely through intermediaries via offices and strategic alliances in North America, Europe, and Asia.  At the end of January 2014, Putnam had $147 billion in assets under management, with mutual fund and institutional client assets across equity, fixed income, global asset allocation, and alternative investment strategies. Our commitment to innovation, proprietary research, and risk management distinguishes our approach to investing. For more information, please visit www.putnam.com